Websol Energy System Ltd
Websol Energy System Limited is engaged in the business of manufacturing photovoltaic crystalline solar cells and related modules in India. [1]
- Market Cap ₹ 5,754 Cr.
- Current Price ₹ 1,325
- High / Low ₹ 1,891 / 802
- Stock P/E 28.9
- Book Value ₹ 64.0
- Dividend Yield 0.00 %
- ROCE 59.2 %
- ROE 80.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 68.6% CAGR over last 5 years
Cons
- Stock is trading at 20.7 times its book value
- Promoter holding is low: 27.7%
- Promoters have pledged or encumbered 88.1% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of Nifty Microcap 250 Nifty Total Market
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
305 | 356 | 280 | 296 | 183 | 69 | 196 | 154 | 213 | 17 | 26 | 575 | 683 | |
291 | 351 | 271 | 267 | 167 | 93 | 193 | 120 | 187 | 30 | 27 | 323 | 370 | |
Operating Profit | 14 | 5 | 9 | 29 | 17 | -25 | 3 | 34 | 26 | -13 | -1 | 253 | 312 |
OPM % | 5% | 1% | 3% | 10% | 9% | -36% | 1% | 22% | 12% | -74% | -5% | 44% | 46% |
-39 | -39 | -1 | 70 | 11 | 17 | 4 | 60 | 6 | 1 | -110 | 2 | 4 | |
Interest | 31 | 2 | 1 | 5 | 9 | 6 | 6 | 9 | 3 | 4 | 5 | 19 | 19 |
Depreciation | 18 | 16 | 15 | 15 | 14 | 15 | 15 | 15 | 15 | 15 | 36 | 41 | 44 |
Profit before tax | -74 | -52 | -9 | 79 | 5 | -29 | -15 | 69 | 14 | -32 | -153 | 194 | 254 |
Tax % | 0% | 1% | 14% | 0% | 0% | 0% | -127% | 29% | 30% | -25% | -21% | 20% | |
-74 | -52 | -10 | 79 | 5 | -29 | 4 | 49 | 10 | -24 | -121 | 155 | 199 | |
EPS in Rs | -33.84 | -23.83 | -4.49 | 35.83 | 1.79 | -9.97 | 1.34 | 15.86 | 2.64 | -6.11 | -28.66 | 35.64 | 45.83 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 24% |
3 Years: | 39% |
TTM: | 397% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 69% |
3 Years: | 160% |
TTM: | 2354% |
Stock Price CAGR | |
---|---|
10 Years: | 55% |
5 Years: | 124% |
3 Years: | 142% |
1 Year: | 39% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 23% |
Last Year: | 80% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 22 | 22 | 22 | 22 | 27 | 29 | 31 | 31 | 37 | 39 | 42 | 42 |
Reserves | -164 | -217 | -227 | 36 | 74 | 95 | 94 | 143 | 155 | 152 | 66 | 236 |
389 | 382 | 352 | 84 | 81 | 76 | 78 | 35 | 36 | 28 | 184 | 153 | |
383 | 400 | 306 | 175 | 187 | 152 | 109 | 75 | 58 | 48 | 61 | 83 | |
Total Liabilities | 629 | 587 | 453 | 317 | 369 | 352 | 311 | 284 | 286 | 267 | 353 | 514 |
322 | 280 | 266 | 283 | 304 | 287 | 254 | 239 | 225 | 210 | 270 | 290 | |
CWIP | 12 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 6 | 30 | 17 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
296 | 307 | 187 | 34 | 65 | 64 | 56 | 45 | 61 | 51 | 53 | 208 | |
Total Assets | 629 | 587 | 453 | 317 | 369 | 352 | 311 | 284 | 286 | 267 | 353 | 514 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-56 | -13 | 30 | 142 | 10 | 5 | 1 | 36 | -3 | -8 | 35 | 167 | |
-14 | -4 | -0 | 28 | -1 | 6 | 13 | -0 | -1 | -6 | -223 | -86 | |
63 | 15 | -30 | -168 | -12 | -11 | -14 | -35 | 6 | 10 | 189 | -35 | |
Net Cash Flow | -7 | -1 | -1 | 2 | -3 | 0 | 0 | 1 | 2 | -4 | 1 | 47 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 210 | 162 | 94 | 2 | 42 | 51 | 33 | 47 | 46 | 37 | 11 | 3 |
Inventory Days | 55 | 61 | 33 | 7 | 51 | 216 | 29 | 70 | 56 | 544 | 525 | 70 |
Days Payable | 328 | 283 | 250 | 64 | 172 | 517 | 134 | 157 | 58 | 878 | 1,334 | 66 |
Cash Conversion Cycle | -63 | -60 | -124 | -55 | -79 | -249 | -72 | -40 | 45 | -298 | -798 | 7 |
Working Capital Days | -387 | -363 | -353 | -183 | -98 | -397 | -102 | -77 | -16 | -853 | -709 | -5 |
ROCE % | -1% | -5% | -3% | 62% | 8% | -12% | -1% | 11% | 7% | -11% | -14% | 59% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
11 Aug - Investors Presentation on the Financial Results for the quarter ended 30th June, 2025
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
11 Aug - Q1 FY26 revenue Rs.219 Cr, PAT Rs.67 Cr; 600 MW capacity expansion starting Oct 2025.
- UNAUDITED FINANCIAL RESULTS FOR THE QUAERTER ENDED 30.06.2025 11 Aug
-
Board Meeting Outcome for OUTCOME OF BOARD MEETING
11 Aug - Q1 FY2026 results: Rs 218.75 Cr revenue, Rs 67.18 Cr profit; CFO replaced; new solar line commissioning in Oct 2025.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5 Aug
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from nse
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
Products
Co. specializes in the production of photovoltaic crystalline solar cells and related PV modules. The Company’s products are used in both commercial and industrial Solar Energy panels in India and internationally. [1]